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he'll have time, then, to introduce the obama tax cuts and basically dare the republican -- the 113th congress not to vote for him. >> when he puts out his plan, then you hear, chris, i was very intrigued by the statement that charles made on fox, that the obama offer is worse than what was offered to general lee at the end of the civil war. listen to this. >> it's not just a bad deal. this is really an insulting deal. what git near offered on the screen, robert e. lee was offered better deals and he lost the civil war. this is almost unheard of. mine, what do they expect? they obviously expect republicans to cave on everything. i think republicans ought to simply walk away. >> chris, i think with lincoln outdone, i think he could have used a better analogy. >> look, the funny thing is the end of that statement, which is, i keep saying, rush limbaugh keeps saying, walk away. walk away. if they walk away, all of the taxes go up. the delicious irony, i will note, is to have them sunset so the cost was lower than what it would be if therm permanent and the can was kicked down the road tw
he'll have time, then, to introduce the obama tax cuts and basically dare the republican -- the 113th congress not to vote for him. >> when he puts out his plan, then you hear, chris, i was very intrigued by the statement that charles made on fox, that the obama offer is worse than what was offered to general lee at the end of the civil war. listen to this. >> it's not just a bad deal. this is really an insulting deal. what git near offered on the screen, robert e. lee was offered...
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obama doesn't have a mandate to raise taxes. george bush cut taxes with a minus half a million mar jib gi the polls. so if that isn't enough of a mandate to do something about taxes, what is with the loss? >> we're going to miss you congressman frank. ending an incredible career in massachusetts. thank you so much. we're going to have you back, if we can. >> i'll be around. >> i'm going to ask you what you miss positively and negatively from the congress. thank for coming on tonight. >> you're welcome. >>> when we return, let me finish with whether the politicians will be able to do what's necessary this this month. you're watching "hardball," the place for politics. should be in charge of their own future. how they'll live tomorrow. for more than 116 years, ameriprise financial has worked for their clients' futures. helping millions of americans retire on their terms. when they want. where they want. doing what they want. ameriprise. the strength of a leader in retirement planning. the heart of 10,000 advisors working with you
obama doesn't have a mandate to raise taxes. george bush cut taxes with a minus half a million mar jib gi the polls. so if that isn't enough of a mandate to do something about taxes, what is with the loss? >> we're going to miss you congressman frank. ending an incredible career in massachusetts. thank you so much. we're going to have you back, if we can. >> i'll be around. >> i'm going to ask you what you miss positively and negatively from the congress. thank for coming on...
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they go through spending cuts. none of the spending cuts in obama's plan. are we so far apart we will go up or is there a meeting ground? 'canes is smart of the republicans. last week, geithner to the treasury secretary and laughed at. across the board, left and right commentators said i think president obama is overplaying the hand here. they have a plan to get him what he campaigned on and said he wanted. they called it smart. we had the simpson bowl plan. deficit reduction plan how to get it back on track. they are proposing the plan that is a democrat version of the -- democrat counterpart to simpson. very smart. this offer was serious. the white house even though they put out a statement saying blah, blah, not good enough. call it a republican letter -- >> eric: this is the republican letter does not meet the test of balance. said our way or the highway from the white house. >> bob: reform ideas are interesting and should be on the table. the rest is bull. they don't cut anything out of defense. number one. number two, talk about the tax reform that wi
they go through spending cuts. none of the spending cuts in obama's plan. are we so far apart we will go up or is there a meeting ground? 'canes is smart of the republicans. last week, geithner to the treasury secretary and laughed at. across the board, left and right commentators said i think president obama is overplaying the hand here. they have a plan to get him what he campaigned on and said he wanted. they called it smart. we had the simpson bowl plan. deficit reduction plan how to get it...
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in obama added this little thing the other day. he said i don't want a debt ceiling or bound like it going for it. debt doesn't matter. >> bob: respond to the social security thing. >> eric: obama in october of 2008 before he was president obama. season. >> the way bush has done it, over the last eight years is to take out a credit cardback of china in the game of the children, driving up the national debt. that is irresponsible and unpatriotic. >> eric: unpatriotic. $5 trillion in debt. president obama will add ten, 11, 12 trillion in debt. when he is done with this. >> for years, president obama running when he was senator, running for president always said that the bush tax cuts were only for the rich and only benefit the rich. now he says that the republicans are holding hostage for the lower and middle class. the tax cuts will expire. hypocrisy knows no bounds. >> bob: you just keep shooting your mouth off over and over about this stuff. i said if they came up with a deal on inflation adjustment on social security it would sav
in obama added this little thing the other day. he said i don't want a debt ceiling or bound like it going for it. debt doesn't matter. >> bob: respond to the social security thing. >> eric: obama in october of 2008 before he was president obama. season. >> the way bush has done it, over the last eight years is to take out a credit cardback of china in the game of the children, driving up the national debt. that is irresponsible and unpatriotic. >> eric: unpatriotic. $5...
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or the righteous thrill of cutting medicaid assistance from those obama-loving takers. for nearly 100 years now you were just this boring, nondescript wallflower, never drawing attention to yourself. when congress through spending and tax cuts came up against your limits, you were wordlessly elevated. they barely gave you a second glance. it was a waste of time to deal with you, but waste of time is what congress does. 74 times you have been raised since the '60s. you saw wars, peace, a man on the moon, and no matter how you batted your fiscal eyelashes, nobody cared. invisible. now, all of a sud be the tea parties can't keep their hands off you. like a case of fiscal syphilis you put the entire body in peril, and i know this disease is no fault of your own. congressional republicans have decided that consequences be damned, threatening the country with national default by refusing to lift you after having already voted to cut taxes and spend until you absolutely must be raised is somehow a useful tool for getting their way. i know you love all the attention, but seriou
or the righteous thrill of cutting medicaid assistance from those obama-loving takers. for nearly 100 years now you were just this boring, nondescript wallflower, never drawing attention to yourself. when congress through spending and tax cuts came up against your limits, you were wordlessly elevated. they barely gave you a second glance. it was a waste of time to deal with you, but waste of time is what congress does. 74 times you have been raised since the '60s. you saw wars, peace, a man on...
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if you accept the bush tax cut last time. family went off and obama stayed behind. it's time so just accept it. >> brian: it is the same game. the house republican and the senate democrat and president is democrat. >> eric: i can't tell you how many shows i stayed until 11:59, live show for the debt creeling to hit or the government to shut down. government would shut down, 19:55 they fixed it. obama is say nothing, i need more. boehner is saying we are further than we have ever been. >> they know where they will meet in the middle. >> dana: i think they are farther apart than ever, actually. >> eric: you do? >> dana: i do. does it show you wouldn't -- >> kimberly: absolutely not. >> kimberly: bolling is the last to leigh the building and first to enter. maybe he doesn't leave at all. >> screaming headlines on fox news.com. this is not a game. clearly frustrated. you must be good in chess. you two steps ahead of everybody, what you just diagnosed. i manual you're good. the president is also playing -- >> bob: can suck up. >> brian: i usually wait for the breaks. but
if you accept the bush tax cut last time. family went off and obama stayed behind. it's time so just accept it. >> brian: it is the same game. the house republican and the senate democrat and president is democrat. >> eric: i can't tell you how many shows i stayed until 11:59, live show for the debt creeling to hit or the government to shut down. government would shut down, 19:55 they fixed it. obama is say nothing, i need more. boehner is saying we are further than we have ever...
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the obama team has put the budget in front of him. he knows what the cuts are. for him to go in front of the american public and be disingenuous about he doesn't know what the specifics are is a flat-out lie. get your cell phones out. i want to know what you think. tonight's question, who is john boehner fooling? text a., for no one, b. for himself to 622639. always go to our blog at ed.msnbc.com. we'll bring you the results later on in the show. joining me now, richard wolffe, not a card player, but msnbc political analyst and vice president, executive editor of msnbc.com. i thought it was an academy award performance by boehner today. >> pretty good, huh? >> he knows what the numbers are, don't you think? >> he knows what the numbers are and what the other side is holding here. he has to pretend like he fought for something. he has no leverage. tom cole isn't just a guy from oklahoma. he led the republican conference. that's the ideological core, those are the sort of torch holders for the whole movement. and so when tom cole says, we got to go with what we've
the obama team has put the budget in front of him. he knows what the cuts are. for him to go in front of the american public and be disingenuous about he doesn't know what the specifics are is a flat-out lie. get your cell phones out. i want to know what you think. tonight's question, who is john boehner fooling? text a., for no one, b. for himself to 622639. always go to our blog at ed.msnbc.com. we'll bring you the results later on in the show. joining me now, richard wolffe, not a card...
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they say they want to see fewer taxes and deeper cuts to entitlements. the white house is saying, okay, put your plan on the table. so they're waiting to essentially hear from republicans about what their plan is to reform entitlements. as you mentioned, president obama as part of his strategy out on the road today in the suburbs of philadelphia really trying to turn up the heat on congressional republicans to get on board with his plan to increase taxes on wealthier americans and republicans have been firing back all day long. but the clock is ticking. there is not a whole lot of time left here. you remember there was that sort of harmonious tone that came out of the first meeting that president had with congressional leaders. right now we're look at a stalemate. john boehner call this had a stalemate earlier today. president obama doesn't have any specific plans that the white house is reading out to talk to congressional leaders, but they say he will remain in contact with him in the coming days. >> kristen welker at the white house. thank you vyou ve
they say they want to see fewer taxes and deeper cuts to entitlements. the white house is saying, okay, put your plan on the table. so they're waiting to essentially hear from republicans about what their plan is to reform entitlements. as you mentioned, president obama as part of his strategy out on the road today in the suburbs of philadelphia really trying to turn up the heat on congressional republicans to get on board with his plan to increase taxes on wealthier americans and republicans...
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no spending cuts. spending cuts are delayed. forward. 10 to 15 years down the road. hope congress decides to -- >> andrea: he will be long gone. obama will be long gone. >> bob: you are saying -- geithner says $1.6 trillion? >> eric: it comes from tax increases. >> bob: on who? you're saying go over the cliff? >> andrea: i think the republicans step back and let the party crash the family car. then we can say well, you voted for it. you have wanted it. >> bob: we had an election and you lost. >> dana: but just because somebody else wins an election that doesn't mean you should violate the principles. let them lead. >> bob: i don't understand the principle of maintaining the tax rate on people. >> dana: gosh. >> bob: you know last year, the number of people in the top five%, the salaries are way up on the top. hedge fund who don't get anybody employed. rip off artist on wall street. rest of the people employed -- >> eric: you agree to get something done so we don't go off the fiscal cliff and sequestration to get kick in? genuine in negotiating and get a deal. >> andr
no spending cuts. spending cuts are delayed. forward. 10 to 15 years down the road. hope congress decides to -- >> andrea: he will be long gone. obama will be long gone. >> bob: you are saying -- geithner says $1.6 trillion? >> eric: it comes from tax increases. >> bob: on who? you're saying go over the cliff? >> andrea: i think the republicans step back and let the party crash the family car. then we can say well, you voted for it. you have wanted it. >>...
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the republican house leader wants $2.2 trillion in spending cuts. and how would he do it? republicans refuse to raise taxes on the rich. unbelievable. instead, they want to slash billions from health care, raise the medicare eligibility age and hack away billions from entitlement programs. these are their great compromises? doesn't seem like they've learned much from the election, which they lost. joining me now is senator bernie sanders, independent from vermont. senator, thank you for being here tonight. >> my pleasure. >> what's your reaction to the republican counteroffer? >> not only is what they are absurding absurd, i think they are crazy politically. i think when the people understand that they want to maintain tax breaks for millionaires and billionaires, whose effective tax rate is very, very low and at the same time they want to balance the budget by cutting social security, medicare, and medicaid, i think people all over this country are going to say, you guys are nuts. you're really out of touch with what ordinary americans are thinking and believing. >> now,
the republican house leader wants $2.2 trillion in spending cuts. and how would he do it? republicans refuse to raise taxes on the rich. unbelievable. instead, they want to slash billions from health care, raise the medicare eligibility age and hack away billions from entitlement programs. these are their great compromises? doesn't seem like they've learned much from the election, which they lost. joining me now is senator bernie sanders, independent from vermont. senator, thank you for being...
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the republican plan would raise tax revenue by not extending the current obama cut in payroll taxes. but the republican plan still refuses to raise the top income tax rates. yesterday, treasury secretary tim geithner made it clear that there can be no deal without higher top tax rates. >> last question, can you promise that we will not go over the cliff? >> no, i can't promise that. that's a decision that lies in the hands of the republicans that are now opposing increases in tax rates. if they recognize the reality that we can't afford to extend those tax rates, then we have a basis for the agreement and that's going to be the responsible thing to do and my judgment is they are going to do it. >> joining me now, ezra klein, huffington post, ryan grim. ezra, what do you make of the boehner proposal that was kind of cribbed from erskine bowles? >> two things. one, republicans are terrified about by the polls showing that they are going to immediately get blamed if they are not willing to compromise. the reason you initiate the bowles' plan is you say, look, they are going along with t
the republican plan would raise tax revenue by not extending the current obama cut in payroll taxes. but the republican plan still refuses to raise the top income tax rates. yesterday, treasury secretary tim geithner made it clear that there can be no deal without higher top tax rates. >> last question, can you promise that we will not go over the cliff? >> no, i can't promise that. that's a decision that lies in the hands of the republicans that are now opposing increases in tax...
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short time ago on msnbc's "morning joe," president obama's senior adviser cut off his mustache for a good cause, agreed to shave after raising more than a million dollars for epilepsy research. his wife runs a nonprofit organization dedicated to that cause. their oldest son has epilepsy. i think david looks good. >> a man can go without a mustache, but certainly a worthy cause for him to give it up. >> that mustache is older than i am, charlie. >> i won't ask. >>> it is hard to imagine why anyone would confess to a crime that they would not commit, but it does happen a lot, especially in chicago. this sunday, "60 minutes" looks why this city has seen twice as many false confession cases as any other. byron pitts interviewed one man after being exonerated after spending 15 years in prison. >> 17, still in high school, never been in serious trouble when another teenager from his neighborhood implicated him, vincent, michael and harold in the rape and murder of a 30-year-old prostitute named nina glover. >> did anyone ask you, did you murder this woman? >> that was the first thing they
short time ago on msnbc's "morning joe," president obama's senior adviser cut off his mustache for a good cause, agreed to shave after raising more than a million dollars for epilepsy research. his wife runs a nonprofit organization dedicated to that cause. their oldest son has epilepsy. i think david looks good. >> a man can go without a mustache, but certainly a worthy cause for him to give it up. >> that mustache is older than i am, charlie. >> i won't ask....
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. >> eric: obama have to advertise he promised to -- [ laughter ] -- cut the deficit in half? >> dana: where will it end? >> kimberly: we want an apology. >> dana: super pac ad with apology. >> kimberly: deliberately dezeed the american people. >> bob: that is not true. >> dana: we'll ponder that. coming up, 5 a 50 million reasons you might not want to win tonight's powerball jackpot. brian has all of those next on "the five." ♪ ♪ [ male announcer ] we all make bad decisions. like say, gas station sushi. cheap is good. and sushi, good. but cheap sushi, not so good. it's like that super-low rate on not enough car insurance. pretty sketchy. ♪ and then there are the good decisions. like esurance. their coverage counselor tool helps you choose the right coverage for you at a great price. [ stomach growls ] without feeling queasy. that's insurance for the modern world. esurance. now backed by allstate. click or call. morning because my back hurt so bad. the sleep number bed conforms to you. i wake up in the morning with no back pain. i can adjust it if i need to...if my back'
. >> eric: obama have to advertise he promised to -- [ laughter ] -- cut the deficit in half? >> dana: where will it end? >> kimberly: we want an apology. >> dana: super pac ad with apology. >> kimberly: deliberately dezeed the american people. >> bob: that is not true. >> dana: we'll ponder that. coming up, 5 a 50 million reasons you might not want to win tonight's powerball jackpot. brian has all of those next on "the five." ♪ ♪ [ male...
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with real cuts. obama was supposed to gave speech where he would respond with a counter offer. what did he do? he gave a speech with ryan on the front row. he called the ryan proposal un-american, insulted him. offered nothing and ran on mediscare in the next 18 mont months. they expect the republicans will do this again? republicans will walk on this. i think they have leverage. yes, for congressional democrats it will help them in the future if the republicans absorb the blame because we will have a recession. obama is not running again unlike the congressional democrats. he is going to have a recession. 90% unemployment, 2 million more unemployed. second term that will be a ruin. that is not a good proposition if you are barack obama. >> bret: before you respond to that, a.b., there is one thing that speaker boehner talked about today, leverage wise. that is tying the debt ceiling limit to this entire deal. and the white house reacting. >> there is a lot of things i wanted in my life, but almost all of them had a price tag attached to them. if we talk about the debt limit, t
with real cuts. obama was supposed to gave speech where he would respond with a counter offer. what did he do? he gave a speech with ryan on the front row. he called the ryan proposal un-american, insulted him. offered nothing and ran on mediscare in the next 18 mont months. they expect the republicans will do this again? republicans will walk on this. i think they have leverage. yes, for congressional democrats it will help them in the future if the republicans absorb the blame because we will...
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obama is capable of managing the economic fallout of it. that's another reason why i think it's important that geithner is the front man here, that geithner is the type of guy who can talk to the street in a way that's very assuring. >> the street, not the streets. >> yeah. >> also if they -- if we go over the cliff, i mean, the republicans then look like they let it happen all for the 2% as michael was saying because that's what this becomes about. that's not something they want. it doesn't put them in a good position. to some degree this is a choreographed dance that has to happen. they cannot come to a deal without a humongous fight. >> this is also the white house i think has managed the optics well on this and dubbed it the great reasonableness tour of 2012. it's not a coincidence that the president was golfing with bill clinton this sudden. that is as much the president likes golf as much as an effort to say, here i am with the great dealmaker, the reasonable guy that everybody likes, regardless of whether clinton's actually giving hi
obama is capable of managing the economic fallout of it. that's another reason why i think it's important that geithner is the front man here, that geithner is the type of guy who can talk to the street in a way that's very assuring. >> the street, not the streets. >> yeah. >> also if they -- if we go over the cliff, i mean, the republicans then look like they let it happen all for the 2% as michael was saying because that's what this becomes about. that's not something they...
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so it's pretty clean, a clean cut case. even the obama administration has already said it doesn't think the constitutionality, defense of marriage act, can withhold a legal attack like this, wolf. >> we expect arguments to be made when and decision to be made? >> i would estimate sometime around march of next year for the arguments. probably sometime around june of next year for a decision by the court, wolf. >> all right, thanks very much. joe johns reporting for us. bring in our senior legal analyst, jeffrey toobin and analyst gloria borger. jeff, first to you, once the supreme court makes that final decision in the spring, maybe by june at the end of the term, we will know whether or not same sex marriage will be legal, not only in those states like new york state or maryland or iowa where it is legal, but throughout the united states. >> it is a possibility, there are limited possibilities. the court specifically took nose in this case, whether the question of whether the people defending the law in california even have
so it's pretty clean, a clean cut case. even the obama administration has already said it doesn't think the constitutionality, defense of marriage act, can withhold a legal attack like this, wolf. >> we expect arguments to be made when and decision to be made? >> i would estimate sometime around march of next year for the arguments. probably sometime around june of next year for a decision by the court, wolf. >> all right, thanks very much. joe johns reporting for us. bring in...
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president obama is selling his economic agenda and using all the right tools. the president was surrounded today by middle class taxpayers at the white house as he pushed for an extension of the tax cuts for income below $250,000. he quas quick to highlight the break in the ranks with the republicans. >> i am glad to see, if you've been reading the papers lately, that more and more republicans in congress, seem to be agreeing with this idea that we should have a balanced approach. so if both parties agree we should not raise taxes on middle class families, let's begin our work with where we agree. >> president obama isn't talking about some moderate republican or some blue dog democrat, he is talking about conservative republican oklahoma congressman, tom cole. cole is the first republican to openly call for agreeing to middle class tax cuts. >> we all agree that we are not going to raise taxes on people that make less than $250,000. we should just take them out of this discussion right now. continue to fight against any rate increases, continue to try to work
president obama is selling his economic agenda and using all the right tools. the president was surrounded today by middle class taxpayers at the white house as he pushed for an extension of the tax cuts for income below $250,000. he quas quick to highlight the break in the ranks with the republicans. >> i am glad to see, if you've been reading the papers lately, that more and more republicans in congress, seem to be agreeing with this idea that we should have a balanced approach. so if...
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we just heard a list of all the spending cuts. you know what, the budget. we've been running a trillion dollar deficit every year under this administration. president obama has nearly doubled the debt. the spending is out of control. and it's -- we have this economy that continues to struggle -- >> the debt ceiling -- >> the debt ceiling is our opportunity to really look at these questions, but the republicans want to negotiate -- speaker boehner the day after the election, went to the podium and put tax revenue on the table. this is our moment, this is our -- tip o'neill and president reagan back in the early '80s, they came together. they negotiated to save social security as well as address the spending. and it was a $3 in spending cuts to every dollar in new revenue. and that's the type of approach we need today. >> they never used the issue of debt ceiling in those negotiations. that's relatively new. the president says, i will not play that game. he may have no choice, because the republicans have a decisive majority in the house of representatives. i
we just heard a list of all the spending cuts. you know what, the budget. we've been running a trillion dollar deficit every year under this administration. president obama has nearly doubled the debt. the spending is out of control. and it's -- we have this economy that continues to struggle -- >> the debt ceiling -- >> the debt ceiling is our opportunity to really look at these questions, but the republicans want to negotiate -- speaker boehner the day after the election, went to...
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bottom line, they're going to have to get together, john boehner and president obama and work this out together. that's the only way, craig. >> mike viqueira i love us when y you. >>> republicans want specific cuts laid out in exchange for tax increases. today's "wall street journal" features an interview with mitch mcconnell providing some fresh clearly on a plan that he would like to see emerge telling the paper that he'd agree to hire medicare premiums for the wealthy and increase in the medicare eligibility age and slowing costs of living increases for social security. let's dig in now with molly ball, national political reporter for "atlantic" and also lynn sweet, washington bureau chief of "chicago sun-times." ladies, good afternoon. >> hello to you. >> molly, senator dick durbin saying right here on tuesday on "morning joe" that he could see $400 billion, at least $400 billion in entitlement cuts. is that going to be as hard of a sell to the left as raising rates will be to the right? >> in a word, yes. there are a lot of democratic groups right now really pushing for no changes
bottom line, they're going to have to get together, john boehner and president obama and work this out together. that's the only way, craig. >> mike viqueira i love us when y you. >>> republicans want specific cuts laid out in exchange for tax increases. today's "wall street journal" features an interview with mitch mcconnell providing some fresh clearly on a plan that he would like to see emerge telling the paper that he'd agree to hire medicare premiums for the...
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that president obama has laid out or more entitlement cuts, but something. i think john boehner has to go back to his members and say look, president obama won the election, polling suggests we republicans lose if we go over the cliff, and i got this one thing that's going to mitigate your unhappiness over the fact that we're moving up rates on the wealthiest americans. he needs the third part to sell the whole package. >> and david, there is a jobs report today which sort of mixed news for everyone. it's a good number, down to 7.7%, unemployment, 146,000 new jobs added but the downside is that fewer people were in the labor force a lot fewer, because people gave up on even trying. >> i think this is one of the more provocative questions and get to it on sunday, which is, are we too focused on the debt. are we not focused enough on what the government can be doing to try to spur job growth? beyond just -- >> there was a stimulus piece in the offer from the white house that was laughed at by the -- >> laughed at but could end up surviving. one of the things a
that president obama has laid out or more entitlement cuts, but something. i think john boehner has to go back to his members and say look, president obama won the election, polling suggests we republicans lose if we go over the cliff, and i got this one thing that's going to mitigate your unhappiness over the fact that we're moving up rates on the wealthiest americans. he needs the third part to sell the whole package. >> and david, there is a jobs report today which sort of mixed news...
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republicans have to rethink the idea this is obama's idea if we get the huge cut in defense that are unsupportable. >> they are bluffing that they don't care about going over the fiscal cliff. a bluff. it will send economy in a tail spin. >> i don't think so. the president is fine going over the cliff. if you look what he gets and the ability to play hero if the country went over the cliff, the president can remedy two problems that democrats faced for years. he becomes a huge tax cutter. he can restore the defense cut. i think the point that you are making are logical and correct, that is not how it plays out. perception is as much as anything else. you looking at a media eager to blame republicans on this. >> that's why i'm correcting them. >> you are correcting them. >> bret: we have an online show to talk more about this. >> i'm correct them even more. >> bret: you can correct them more in a much more relaxed atmosphere. tune in. next up, look at the front runners for yes, 2016. [ fishing rod casting line, marching band playing ] [ male announcer ] where do you hear that beat?] c
republicans have to rethink the idea this is obama's idea if we get the huge cut in defense that are unsupportable. >> they are bluffing that they don't care about going over the fiscal cliff. a bluff. it will send economy in a tail spin. >> i don't think so. the president is fine going over the cliff. if you look what he gets and the ability to play hero if the country went over the cliff, the president can remedy two problems that democrats faced for years. he becomes a huge tax...
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obama, as you know, is standing very firm on the $1.6 trillion in tax hikes. he is offering $400 billion in cuts from the so-called entitlements but also wants to spend $50 billion on infrastructure. mr. boehner, on the other hand, is offering half -- half of what the president's number is on those taxes and not in what you'd say increases. more like closing of loopholes. he also wants much deeper cuts in entitlements and beyond. so we're watching both ends of pennsylvania avenue this hour. we've got dan lothian who is standing pat at the white house to figure out just exactly what the movements are every day. dana bash is on capitol hill. dan, let me start with you. we were just hearing from the president and we were cut off by a nasty satellite. let me talk about these business people and what exactly they can bring to the table because it seems as though he's soliciting them for advice. >> reporter: he is. but at the same time, you brought up a good point, that the president really has been doing a lot of the pressure as opposed to sitting down with lawmake
obama, as you know, is standing very firm on the $1.6 trillion in tax hikes. he is offering $400 billion in cuts from the so-called entitlements but also wants to spend $50 billion on infrastructure. mr. boehner, on the other hand, is offering half -- half of what the president's number is on those taxes and not in what you'd say increases. more like closing of loopholes. he also wants much deeper cuts in entitlements and beyond. so we're watching both ends of pennsylvania avenue this hour....
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Nov 29, 2012
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while president obama wants tax cuts to expire for the wealthiest americans, most republicans don't. behind closed doors wednesday, oklahoma's tom cole told his gop colleagues they should sign off on the middle class cut extensions. the house speaker isn't budging. >> it will hurt small businesses and our economy. it's why it's not the right approach. >> reporter: obama administration officials will look for some middle ground in separate meetings with boehner and other congressional leaders on capitol hill thursday. danielle nottingham, cbs news, washington. >>> even though it's too late to cash in on tonight's powerball jackpot, when california might get into the game. >> the fallout at apple from the misfire on maps. ,, ,,,,,,,,,,,,,, tonight, after making her 1- million dollars richer! ye] nguyen claimed h >>> a milpitas woman is thanking her brother tonight after making her $14 million richer. she claimed her super lotto jackpot prize today but it was her brother who bought the winning ticket in september when she couldn't get to the store. so now she is planning to share her wi
while president obama wants tax cuts to expire for the wealthiest americans, most republicans don't. behind closed doors wednesday, oklahoma's tom cole told his gop colleagues they should sign off on the middle class cut extensions. the house speaker isn't budging. >> it will hurt small businesses and our economy. it's why it's not the right approach. >> reporter: obama administration officials will look for some middle ground in separate meetings with boehner and other...
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and let's give tax cuts to the middle class. what is he talking about? this is about tax cuts. the president is saying, renew the payroll tax cut. give tax cuts to every dollar earned up to $250,000. i don't know what they're thinking, thomas. but obviously, they are putting it all on the line for the koch brothers and sheldon adelson who earn billions of dollars. they're selfish. and there's a group called patriotic millionaires who are saying please, please, tax us fairly. and here's the point. the president is saying to the millionaires and billionaires, we're just taking you back to the tax rates that you had when bill clinton was president. and i would like to remind everybody, we had the greatest prosperity then when everyone paid their fair share. 23 million new jobs. and why is it? because the middle class had the money to spend out there, to stimulate this economy. it's a consumer-driven economy. about 70% of the economy is consumer driven. and the other thing the president put on the table, i understand, is refinancing
and let's give tax cuts to the middle class. what is he talking about? this is about tax cuts. the president is saying, renew the payroll tax cut. give tax cuts to every dollar earned up to $250,000. i don't know what they're thinking, thomas. but obviously, they are putting it all on the line for the koch brothers and sheldon adelson who earn billions of dollars. they're selfish. and there's a group called patriotic millionaires who are saying please, please, tax us fairly. and here's the...
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." >>> we begin with president obama taking his battle to extend tax cuts for the middle class into the heart of the middle class suburb today. he visited a family just outside washington, d.c., using their story to dramatize what will happen in just 26 days if he and congress can't make a deal on the so-called fiscal cliff. a source of great concern for so many people, everyone's taxes will go up, will go up if there's no deal. let's go live to our white house correspondent dan lothian. he's on the scene for us over at the white house. how did it go, dan? >> reporter: well, wolf, we've seen the president do this before in the past whenever he's locked in negotiations with lawmakers. he heads out on the road, either goes to a backyard or sits down around a dinner table to put pressure on congress. that's what he did today when he went to falls church sitting down with the santana family. their parents who also are employed live in the household with them. so if taxes do go up on middle class americans, the overall hit on that household will be $4,000. so they're very concerned, but they
." >>> we begin with president obama taking his battle to extend tax cuts for the middle class into the heart of the middle class suburb today. he visited a family just outside washington, d.c., using their story to dramatize what will happen in just 26 days if he and congress can't make a deal on the so-called fiscal cliff. a source of great concern for so many people, everyone's taxes will go up, will go up if there's no deal. let's go live to our white house correspondent dan...
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the big story is order from the obama administration to pentagon to get ready for sequestration. tonight on "special report," for the first time, the defense department and other agencies are told to start planning for massive spending cuts that will automatically kick in, if a budget deal is not reached. we take look at what the specific cuts would do to the nation's defense capabilities. you heard a lot lately about possibly curtailing tax deductions as a way to raise revenue the president said republicans want to eliminate charitable deductions. we'll see if it's true to get the latest on the cliff negotiations. president and speaker boehner talked today by phone. syrian president bashar assad sent an envoy to several latin american nation to scout location for asylum. special senators from at 6:00 eastern. back to my colleagues with "the five." ♪ ♪ >> kimberly: treb story of the homeless man given boots from cop on cold night in new york city last month? it turns out he is not hom homeless. jeffrey and the nypd officer became internet sensations after a photographer snapp
the big story is order from the obama administration to pentagon to get ready for sequestration. tonight on "special report," for the first time, the defense department and other agencies are told to start planning for massive spending cuts that will automatically kick in, if a budget deal is not reached. we take look at what the specific cuts would do to the nation's defense capabilities. you heard a lot lately about possibly curtailing tax deductions as a way to raise revenue the...
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. >>> president obama is taking his fiscal fight to the public. today he visited a toy factory in pennsylvania urging the crowd to persuade congress to increase the tax cuts. >> it's not acceptable to me or you for just a handful of republicans in congress to hold middle class tax cuts hostage simply because they don't want tax rates on upper income folks to go up. >> we're willing to put revenues on the table. but revenues that -- that come from closing loopholes, getting rid of special interest deductions, and not raising rates. >> congress needs to reach an agreement in the next few weeks to avoid automatic hikes and cuts come january. >>> they bought just five tickets and picked numbers at random. that's how a missouri family lucked into the biggest powerball lottery of all time. cbs moneywatch reporter alexis christoforous shows us the recently jobless couple now the country's newest millionaires. [ applause and cheers ] >> reporter: the country's newest megamillionaires stepped into the spotlight. >> the hill family, come on up. >> reporter:
. >>> president obama is taking his fiscal fight to the public. today he visited a toy factory in pennsylvania urging the crowd to persuade congress to increase the tax cuts. >> it's not acceptable to me or you for just a handful of republicans in congress to hold middle class tax cuts hostage simply because they don't want tax rates on upper income folks to go up. >> we're willing to put revenues on the table. but revenues that -- that come from closing loopholes, getting...
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obama doesn't have a mandate to raise taxes. george bush cut taxes with a minus half a million margin in the polls. so if that isn't enough of a mandate to do something about taxes, what is with the loss? >> we're going to miss you congressman frank. ending an incredible career in massachusetts. thank you so much. we're going to have you back, if we can. >> i'll be around. >> i'm going to ask you what you miss positively and negatively from the congress. thank for coming on tonight. >> you're welcome. >>> when we return, let me finish with whether the politicians will be able to do what's necessary this this month. you're watching "hardball," the place for politics. >>> let me finish tonight with something important about leave leading this country through a difficult time. it's about barack obama's job description. if you read the newspapers, you see the fiscal catastrophe of greece. right now, the world is looking at us. the whole world. people as far away as hong kong. people have to make sharp decision about money and they a
obama doesn't have a mandate to raise taxes. george bush cut taxes with a minus half a million margin in the polls. so if that isn't enough of a mandate to do something about taxes, what is with the loss? >> we're going to miss you congressman frank. ending an incredible career in massachusetts. thank you so much. we're going to have you back, if we can. >> i'll be around. >> i'm going to ask you what you miss positively and negatively from the congress. thank for coming on...
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president obama proposed $316 billion in additional savings. and you can do hundreds of billions in savings. so absolutely. >> a lot of liberals in your party will vote against it if there's any significant cut in the entitlement spending. >> we know that there are savings that can be found in medicare and medicaid. but what we have to make sure of is that a priority in any deal, you don't balance this first on the backs of the middle class. you have to make sure we have significant spending cuts, balance with an increase in rates. we can do tax reform also, but in order to get the certainly the middle class needs, we have to make sure that revenue is part of the package. >> i want to play a clip of the president from bloomberg tv today suggesting do a modest deal now, punt and do a bigger deal next year. listen. >> we're not going to be able to come up with a comprehensive tax reform package that gets it all done just in the next two weeks. we're not going to be able to come up with necessarily a comprehensive entitlement reform package in the
president obama proposed $316 billion in additional savings. and you can do hundreds of billions in savings. so absolutely. >> a lot of liberals in your party will vote against it if there's any significant cut in the entitlement spending. >> we know that there are savings that can be found in medicare and medicaid. but what we have to make sure of is that a priority in any deal, you don't balance this first on the backs of the middle class. you have to make sure we have significant...
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Nov 30, 2012
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again, two years ago, president obama signed and extended what i call the bush obama tax cuts. i think we need to do that, for some certainty to the economy and talk about looking at some real spending cuts, as well. >> some are criticizing this and calling it a very aggressive plan that the president has pushed forth. in public comments like the one we heard from boehner, reid, both sides taking really hard stances. but some insiders saying that a deal is within reach and much of it is for show now. new jersey democratic congressman rob andrews told politico this. there's the public choreography, then there is the real choreography. it may be something you alluded to. to reach a deal it has to look like there was a lot of fighting before the deal was reached. what's your response to that? do you think that there is a lot of grandstanding going on here? and we're actually going to make the deadline that the president suggested, which is before christmas? >> there's always a lot of grandstanding in washington on both sides. this is my first term in congress. i think mosts americ
again, two years ago, president obama signed and extended what i call the bush obama tax cuts. i think we need to do that, for some certainty to the economy and talk about looking at some real spending cuts, as well. >> some are criticizing this and calling it a very aggressive plan that the president has pushed forth. in public comments like the one we heard from boehner, reid, both sides taking really hard stances. but some insiders saying that a deal is within reach and much of it is...
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then i heard barack obama say the way we are going to do it is by making more cuts in various ways. he was saying by making more cuts and the only people it is going to hurt is the working class and somewhat of the middle-class. he should mention the fact that out of control spending has a lot to do with the credit card crunch. specifically because of the middle-class. i think if we get those tax cuts centered with them, i do not think the poll would be affected. you have these small companies that are developing, and he is saying have those small companies hire more people and get them involved, but come consumer expenditures. that is partially i think a solution. host: you are calling on the republican line and you think hillary clinton would make a good candidate. would you vote for her in 2016? caller: i think she would be a very vital aspect to the political process. as far as her running for president, 2016 -- god knows what may happen from this point to that point. as far as her role as a democrat, i think by working along with the republicans, she would make a difference. ho
then i heard barack obama say the way we are going to do it is by making more cuts in various ways. he was saying by making more cuts and the only people it is going to hurt is the working class and somewhat of the middle-class. he should mention the fact that out of control spending has a lot to do with the credit card crunch. specifically because of the middle-class. i think if we get those tax cuts centered with them, i do not think the poll would be affected. you have these small companies...
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this hasn't presented itself as a party that wants to cut spending. on one hand you have president obama's proposal, which most agree is the responsible way of raising the debt, raising rates. and responsible cuts on entitlements and discretionary spending versus republicans who are divided against something that is a chicken hawk when it comes to the deficits, that is the boehner approach, or the more extremist position which is absolutely nothing.ç so this is an extraordinary position for the republican party to have evolved into. >> you must respond to what julian just said. >> i like julian an awful lot but i think what he said is entirely wrong. it's fascinating president obama last july, july of 2011, said we can get $1.2 trillion in revenue where we don't have to raise marginal tax rates and close loopholes and julian says most economists agree, in fact, this won't add to the deficit. look, you're only talking about $89 billion a year of the tax dollars of top two drapes. julian and i will agree, however, this deal is not serious. you need to
this hasn't presented itself as a party that wants to cut spending. on one hand you have president obama's proposal, which most agree is the responsible way of raising the debt, raising rates. and responsible cuts on entitlements and discretionary spending versus republicans who are divided against something that is a chicken hawk when it comes to the deficits, that is the boehner approach, or the more extremist position which is absolutely nothing.ç so this is an extraordinary position for...
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. >> if the bush tax cuts are repealed and everyone's taxes go up, i promise you republicans will be blamed for it. >> so are you saying, then, for pr purposes that they should give into obama on the tax rate in. >> not exactly. well, yeah, i guess i am. >> ka pit late to obama who is -- we don't have a revenue problem, ann. >> we lost the election, shawn. >> i can't believe i'm saying this, but ann coultter is right. they lost. the question may now be when, not if, the republicans will cave on taxes. joining me now is dana milbank, columnist for "the washington post." he's writing about the republicans waving tax hikes and cynthia tucker and visiting professor of journalism at the university of georgia. thanks to both of you for being here tonight. >> hi, reverend. >> good to be here, reverend. >> dana, are republicans really ready to cave? >> well, reverend, first of all, terrific particular to see you and ann coulter on the same page. they've caved already. they have said, we're going to agree to an $800 billion tax increase. it's entirely possible that they are going to go off th
. >> if the bush tax cuts are repealed and everyone's taxes go up, i promise you republicans will be blamed for it. >> so are you saying, then, for pr purposes that they should give into obama on the tax rate in. >> not exactly. well, yeah, i guess i am. >> ka pit late to obama who is -- we don't have a revenue problem, ann. >> we lost the election, shawn. >> i can't believe i'm saying this, but ann coultter is right. they lost. the question may now be when,...
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. >> reporter: working to win public support for his tax and spend proposing, president obama answered "fiscal cliff" questions on twitter monday. one twitter follower asked, why won't keeping tax rates low across the board encourage more hires and tax revenue? the president replied high-end tax cuts would cost almost $1 trillion while extending middle class cuts will produce growth. if there is no compromise all tax go up and spending will be slashed including cuts to the defense budget. defense contractors gathered in washington monday to discuss the consequences. david language staff is ceo of task a company that develops aviation systems and software for intelligence agencies. >> but i think it's very bad for national security because companies cannot plan. >> republicans sent the president a counterproposal monday afternoon. it includes more than $2 trillion in budget savings and extends tax cuts for all americans. >> us this far republicans have been adamant that rates shouldn't go up on the top 2% wealthiest americans. well, the american people overwhelmingly disagree. >> in add
. >> reporter: working to win public support for his tax and spend proposing, president obama answered "fiscal cliff" questions on twitter monday. one twitter follower asked, why won't keeping tax rates low across the board encourage more hires and tax revenue? the president replied high-end tax cuts would cost almost $1 trillion while extending middle class cuts will produce growth. if there is no compromise all tax go up and spending will be slashed including cuts to the...
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. >> and i told president obama, you told us you were going to cut the red tape. and i told him, the middle class getting the royal finger. what did he say? fema works for me. fema ain't doing nothing still. they keep going around in a circle. >> this family joins us next to share their story. >> then so long dollar bill. hello dollar coin. why lawmakers say it's time for some more change. [ male announcer ] we all make bad decisions. like say, gas station sushi. cheap is good. and sushi, good. but cheap sushi, not so good. it's like that super-low rate on not enough car insurance. pretty sketchy. ♪ and then there are the good decisions. like esurance. their coverage counselor tool helps you choose the right coverage for you at a great price. [ stomach growls ] without feeling queasy. that's insurance for the modern world. esurance. now backed by allstate. click or call. >> 7:21 eastern. news by the numbers. 34 million. that's how many nutrition signs will have to be posted in pizza chains like dominoes. one for each pizza combination. thanks to obama care requi
. >> and i told president obama, you told us you were going to cut the red tape. and i told him, the middle class getting the royal finger. what did he say? fema works for me. fema ain't doing nothing still. they keep going around in a circle. >> this family joins us next to share their story. >> then so long dollar bill. hello dollar coin. why lawmakers say it's time for some more change. [ male announcer ] we all make bad decisions. like say, gas station sushi. cheap is...
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wealthy. 600 billion in cuts to domestic programs like medicare. and 50 billion in new infrastructure spending. when treasury secretary tim geithner went to the capitol and laid out the plan for a senate republican leading mitch mcconnell, aides on both sides said mcconnell burst out in laughter. with talks now entering the final month, house republicans offer add more somber assessment. >> we're not interested in playing rope a dope. >> it was not a serious proposal. and so right now we're almost nowhere. >> reporter: so alex the clock is ticking. the president's public campaign trying to pressure john boehner, eric cantor and their charges in their house republican conference continues. he meets with governors this week here at the white house to talk about this time and more meetings with ceos, this is in the form of the business round table, a business lobbying group. >> being almost nowhere right now with just a month to go. yikes. we'll be talking about it again, mike. thank you. >>> now number three of our first five web stories in a move u.
wealthy. 600 billion in cuts to domestic programs like medicare. and 50 billion in new infrastructure spending. when treasury secretary tim geithner went to the capitol and laid out the plan for a senate republican leading mitch mcconnell, aides on both sides said mcconnell burst out in laughter. with talks now entering the final month, house republicans offer add more somber assessment. >> we're not interested in playing rope a dope. >> it was not a serious proposal. and so right...
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part of the push to preserve the middle class tax cut. here he is around the table in the washington area today. if the president and congress cannot reach a deal, tax rates for the middle class and everyone else goes up the first of the year. meanwhile, senate minority leader mitch mcconnell today prevented a simple majority vote to give the president the power to raise the u.s. debt ceiling. president obama pushed for the power trance fosform as part of white house plan they unveiled a week ago. fiscal cliff, 26 days away. christine romans explains how going over the cliff could affect you and your family. >> reporter: brooke, here's what the sequester could mean for domestic programs. fewer women and children with assistance and child care aid. cuts to education nearly 100,000 head start spots at risk. more than 25,000 teachers and teachers aids could lose their jobs and science and public research grants could be cut including in to cancer and childhood diseases. fewer americans could receive drug abuse treatment and $700 million slas
part of the push to preserve the middle class tax cut. here he is around the table in the washington area today. if the president and congress cannot reach a deal, tax rates for the middle class and everyone else goes up the first of the year. meanwhile, senate minority leader mitch mcconnell today prevented a simple majority vote to give the president the power to raise the u.s. debt ceiling. president obama pushed for the power trance fosform as part of white house plan they unveiled a week...